MYANMAR

Logistic and forwarding services in Myanmar

Myanmar

Capital City
Nay Pyi Daw

Population
51,4 Mio.

National languages
Burmese

Currency
Kyat (MMK)

Gross national product (GNP)
USD 60,9 Mrd.

GNP per person
USD 910

Financial exports to Switzerland
CHF 8,52 Mio.

Financial imports from Switzerland
CHF 13,64 Mio.

Bilateral relations Switzerland–Myanmar

Myanmar has had a civilian government since March 2011 that has initiated various reforms aimed at greater political and economic openness. Switzerland supports this political shift and has stepped up its development cooperation in Myanmar. It opened an embassy in Yangon in October 2012. Trade relations between the two countries began to intensify following the gradual opening up of the country.
Myanmar is in the midst of a far-reaching transformation. It was ruled by an authoritarian military government for almost 50 years before opening up to the rest of the world in 2010. The first elections in 20 years were held, and the opposition leader and Noble Peace Prize laureate Aung San Suu Kyi was released from house arrest. In 2011, the military government formally transferred its official functions to a civilian one. The changeover from military to civilian rule was completed in 2011, when former General U Thein Sein was sworn in as president.

Economic cooperation

Myanmar’s transformation prompted Switzerland in May 2012 to lift most of the sanctions that had been imposed for human rights violations, although the embargo on arms and instruments of repression remains in place. Trade with Myanmar is at a low level, but is growing. Swiss exports in 2013 totalled CHF 8.52 million, comprising mainly chemical and pharmaceutical products, optical and medical instruments, and machinery. Imports from Myanmar during the same period amounted to CHF 13.64 million, mostly textiles and furniture but also precious stones and precious metals.

 

Business language

English.

Dimensions and weights

Anglo-Saxon system.

Currency

National currency 1 Kyat (K) = 100 pyas (P).
ISO code: MMK

Customs tariff

Harmonised system.

Import control

The EU has mostly lifted the sanctions against Burma/Myanmar. The weapons embargo in accordance with the Foreign Trade Ordinance and the restrictions linked to the export, delivery and sale of goods of so-called internal repression must also be taken into account.
Import licences: all imports require prior authorisation. The Ministry of Commerce issues import licences, which are mostly valid for 6 months, to registered importers. A pro forma invoice is to be included with the application for an import authorisation. State Economic Enterprises (SEEs) also operate their import and export business with a licence from the Ministry of Commerce.
Foreign companies who have concluded a joint venture with a state economic enterprise will also receive the necessary licence from the Ministry of Commerce on recommendation from their JV partner.
Following a banking reform, private banks are now also permitted to engage in foreign exchange trade.
State export guarantees are not assumed.
Sales tax: 5% to 30%

Terms of payment and tenders

Irrevocable letters of credit to your own bank on confirmation of the order recommended. Documents against payment not advisable.
Invoicing in EUR or GBP.
Tenders mostly FOB. Terms in the tenders are decisive.

Designations of origin

Marking with “Made in …” is recommended.

Marking/labelling

Standard markings with the addition of the country of origin advisable.

Packaging

Seaworthy packaging. Mark boxes on 2 sides with the brand, number and gross weight.

Product samples

Product samples which are clearly neither for use or sale are duty free. They should be labelled as such in any case. All other product samples are subject to customs duties. Certificates of origin are compulsory.

Shipping and accompanying documents

As part of the sanctions against Myanmar, in the application for export the exporters must make a declaration stating that the goods do not come under the list of goods for which there is a ban on export. Standard and

a) Commercial invoices, 3 copies, English, with all details (including the country of origin and import licence number) which must be signed at the bottom by the exporter. (We certify this invoice to be true and correct.) Certification by the Chamber of Industry and Commerce not required.

b) Certificates of origin only required at the importer’s request.

If requested, in the case of Swiss goods use “Swiss” or “European Union” for goods originating from UE.

c) Bills of lading (only “shipped on board”, otherwise there are difficulties) do not require any certification. The collecting bank in Myanmar must be indicated.

d) Packing lists (2 copies) which must correspond to the commercial invoices, English.

e) Postal packages up to 20 kg: 1 foreign dispatch note, 2 customs declaration in English.